The global demand for Portable Oxygen Concentrators Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028. Whereas with regards to volume, the market was calculated XX KU in 2021 and foreseen to touch XX KU by 2028 with a CAGR of XX% during 2022-2028.
A portable oxygen concentrator is a medical device that provides oxygen therapy to patient that requires greater oxygen concentrations than the levels of ambient air. The device assists people who have a low level of oxygen in their blood. The device is powered by battery or plugging the device into an electrical outlet. They are much less dangerous than traditional oxygen cylinders, which can rupture or leak cause or increase the combustion rate of fire. The other main benefit is the ease and increased ability to be mobile with oxygen. They are small enough to carry and many are now FAA-approved for use on aeroplanes.
Market Dynamics
Rising incidences of chronic lung diseases will influence the growth of the market. Chronic respiratory disease is still the leading causes of morbidity worldwide. With an ageing global population, chronic respiratory diseases are becoming a more prominent cause of death and disability. The total number of CRD cases increased by 39.5% from 1990 to 2017. A large proportion of the disease burden was attributed to asthma and chronic obstructive pulmonary disease (COPD). The most important risk factors for CRD is difficulty in drawing oxygen. Oxygen therapy is used to normalise the oxygen level in blood during sleep, rest and activity and during acute illnesses in the hospital. There are many benefits of oxygen therapy. In many adults with chronic lung disease, studies have shown that long-term oxygen therapy has improved quality and length of life. Oxygen can decrease shortness of breath when you are active and allow you to do more. Growing awareness about preventive treatment with the spread of new guidelines for treatment emphasises the use of portable oxygen concentrator to control the disease. The portable concentrator is more convenient to use due to their small size and carry and go benefit.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of Portable Oxygen Concentrator.
Market Segmentation
The entire Portable Oxygen Concentrators market has been sub-categorized into delivery system and sales channel. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Delivery System
- Continuous flow
- Pulse dose
By Sales Channel
- Direct Sales
- Distributors
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for Portable Oxygen Concentrators market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Portable Oxygen Concentrators Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Portable Oxygen Concentrators market include Philips Respironics, Smiths Medical, Teijin, Inogen, AirSep, O2Concepts Oxlife. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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